Unfair but balanced commentary on tax and budget policy, contemporary U.S. politics and culture, and whatever else happens to come up

Wednesday, October 17, 2012

Has Romney gotten away with not releasing any pre-2010 tax returns?

It certainly appears that way, although the 2009 return, unlike the one he recently released for 2011, had a decent chance of being very interesting (for example, no net capital gain, hence adjusted gross income was probably below $1 million - not to mention, the chance of a Swiss bank account-related amnesty).

I guess it goes to show that sometimes, if you keep on stonewalling long enough, the press just gets bored and it works.

1 comment:

According to Greg Palast, in 2009 Ann Romney cashed a check for between $15 and $115 million related to offshoring the Delphi auto parts factories, all but one being shut down. Obama admin had plan to save half of them, but a Romney friend managed to acquire Delphi despite their efforts. Delphi only had money because of GM being able to pay after the bailout, which Mitt was simulatenously denouncing, but once GM had the money, the Romney's made sure Delphi got it's piece for them to take. Romney's kids have interesting deals going also, see The Nation for November.

About Me

I am the Wayne Perry Professor of Taxation at New York University Law School. My research mainly emphasizes tax policy, government transfers, budgetary measures, social insurance, and entitlements reform. My most recent books are (1) Decoding the U.S. Corporate Tax (2009) and (2) Taxes, Spending, and the U.S. Government's March Toward Bankruptcy (2006). My other books include Do Deficits Matter? (1997), When Rules Change: An Economic and Political Analysis of Transition Relief and Retroactivity (2000), Making Sense of Social Security Reform (2000), Who Should Pay for Medicare? (2004), Taxes, Spending, and the U.S. Government's March Towards Bankruptcy (2006), Decoding the U.S. Corporate Tax (2009), and Fixing the U.S. International Tax Rules (forthcoming). I am also the author of a novel, Getting It. I am married with two children (boys aged 16 and 19) as well as four (!) cats. For my wife Pat's quilting blog, see Patwig’s Blog.